Not unlike residential properties, it is not unlikely for commercial properties to become distressed / bank-owned due to the same circumstances. The one key difference, however, is that upon bank repossession of a commercial property, the lender is more likely to take a loss in the sale just to get the property off their hands to avoid taking on additional holding costs.. Sell a House or Property. And remember if you're thinking about selling your house or property at auction, call us on 020 36039530 or complete our simple Enquiry Form to receive a free, no obligation property valuation . Repossession houses are properties that are usually repossessed when an owner has defaulted on their mortgage and fallen.

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The average price of these properties is around 88,000 euros, and they have an average surface area of 70m2. The rest of the cheap Spanish property repossessions are pre-owned, have an average surface area of 105m2 and cost an average of 147,500 euros. Take a closer look at these bank-owned and repossessed properties in Spain: Oropesa del Mar. The brokers we work with: Can offer lending solutions tailored to your specific circumstances. If buying a repossessed property is something you'd like to explore, a free consultation with one of the brokers we work with can answer any questions you may have. Call 0808 189 0463 or make an enquiry.